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106 N Main St 13,325 SF Retail Building Glenwood, IL 60425 $4,790,765 CAD ($359.53 CAD/SF) 8.40% Cap Rate
INVESTMENT HIGHLIGHTS
- “This property is anchored by a very strong, long-term tenant under a secure Triple Net (NNN) lease
EXECUTIVE SUMMARY
HOT INVESTMENT OPPORTUNITY – GLENWOOD, IL
106 N Main St, Glenwood, IL
zoned mix used 3 bedroom apartment on top banquet hall on the bottom & and full Restuarant
Total 6 acres
with 20-Year Triple Net (NNN) Lease
• Rent: $24,500/month ($294,000/year)
• 2% annual increases
• $100K security deposit + personal guarantee (tenant worth $5M)
• Purchase Price: $3,500,000
• Cap Rate: 8.4%
Property Highlights
18,050+ sq. ft. building on 85,764+ sq. ft. lot
90+ parking spaces + overflow lot
$2.3M renovations since 2019
2022 Taxes: $31,507
2022 Appraised Value: $3.9M (+ ~$1M in equipment)
Why This Deal Works:
Long-term guaranteed income
Above-market cap rate
Security: $100K deposit + personal guarantee
Built-in equity with strong appraisal spread
For details & full appraisal:
Tayser Mohammed – 312.316.8239
106 N Main St, Glenwood, IL
zoned mix used 3 bedroom apartment on top banquet hall on the bottom & and full Restuarant
Total 6 acres
with 20-Year Triple Net (NNN) Lease
• Rent: $24,500/month ($294,000/year)
• 2% annual increases
• $100K security deposit + personal guarantee (tenant worth $5M)
• Purchase Price: $3,500,000
• Cap Rate: 8.4%
Property Highlights
18,050+ sq. ft. building on 85,764+ sq. ft. lot
90+ parking spaces + overflow lot
$2.3M renovations since 2019
2022 Taxes: $31,507
2022 Appraised Value: $3.9M (+ ~$1M in equipment)
Why This Deal Works:
Long-term guaranteed income
Above-market cap rate
Security: $100K deposit + personal guarantee
Built-in equity with strong appraisal spread
For details & full appraisal:
Tayser Mohammed – 312.316.8239
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
13,325 SF
Building Class
C
Year Built/Renovated
1970/2019
Price
$4,790,765 CAD
Price Per SF
$359.53 CAD
Cap Rate
8.40%
NOI
$402,424 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.18
Lot Size
1.68 AC
Zoning
B-1
Parking
90 Spaces (6.75 Spaces per 1,000 SF Leased)
Frontage
212’ on N Main St
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $57,701 CAD | |
| Land Assessment | $29,963 CAD | Total Assessment | $87,664 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$29,963 CAD
Improvements Assessment
$57,701 CAD
Total Assessment
$87,664 CAD
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106 N Main St
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